central london retail bulletin all the latest from nash bond & fsp
JULY 2014
in short • London’s Regent Street to deploy beacon technology – London’s Regent Street is set to deploy ‘beacon’ technology that will enable shoppers to receive personalised marketing content on the their mobile phones when visiting the mile long shopping street. • Estee Lauder have agreed to occupy all the retail at Fitzroy Place development – Exemplar have confirmed a letting to the cosmetics giant at 1 Fitzroy Place of 140,000 sq ft office and retail within the development. • London retail space to ‘radically increase’ in decade of development – London is set to benefit from a decade of development that will add some 10 million sq ft of retail space to the capital. • Covent Garden’s Henrietta Street gets menswear revamp – Henrietta Street in Covent Garden is to be repositioned as a premium menswear destination, with developer Capco looking to repeat the success of its recent regeneration of nearby King Street.
zone a movements the major streets West End
2014 Q2
3 Mnths
Bond Street*
£1300
Oxford Street*
£825
Regent Street*
£650
KenSINGTON High St*
£280
Piccadilly*
£300
Carnaby Street
£485
2.1%
Cov garden james st
£820
13.1%
high holborn
£250
Cheapside
£275
Bishopsgate
£275
Sloane Street
£825
Kings Road
£450
5.9%
Brompton Road
£660
10.0%
Jermyn street
£300
5.3%
*30 ft zones
6.5%
1 Yr
5 Yrs
10 Yrs
8.3%
91.2%
205.9%
6.5%
65.0%
83.3%
30.0%
116.7%
1.8%
9.8%
66.7%
114.3%
2.1%
61.7%
148.7%
13.1%
57.7%
72.6%
11.1%
61.3%
5.8%
1.9%
19.6%
1.9%
14.6%
57.1%
73.7%
108.9%
7.1%
55.2%
25.7%
29.4%
62.2%
200.0%
24.4%
12.5%
5.3%
Source:NashBond
www.nashbond.co.uk
www.fspretail.com